Sweden’s Volvo Group (OTC: VLVLY) reported lower sales and income in the third quarter. But the gap compared to year-ago results narrowed with rebounding truck orders responding to strong freight demand.
Third-quarter net sales fell 16% to SEK 76.9 billion ($8.71 billion) compared to SEK 98.7 billion ($11.18 billion). Adjusted operating income was SEK 7,217 million ($816.73 million) compared to SEK 10,885 million ($1.23 billion) in the year-ago quarter. The adjusted operating margin was 9.4%...
https://www.freightwaves.com/news/volvo-group-sees-modest-q3-recovery